Franconia Apartments

930 Downing St, Denver, CO 80218

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 1 Bed	1 Bath	-

Call (303) 832-5567 Email

Waitlist Forecast

Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

At Franconia Apartments, 54 units are designated for households age 62 and older or that have a disability. These one-bedroom and studio apartments are subsidized, meaning rents are calculated based on 30 percent of annual household income. Electricity and water are included in the rent.

Wheelchair accessible units are available as well as onsite resident services, an elevator to all floors, laundry facilities, and a community room for residents.

Dave's Thoughts On Franconia Apartments

Since Franconia Apartments participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.

~ Dave Layfield, Founder of Affordable Housing Online

Franconia Apartments Amenities

Elevator
Community Room
Close to Public Transportation
Energy Efficient Design
Secured Entry
Intercom System
Energy Saving Windows
Cable & Internet Ready
Laundry Facility

Units at Franconia Apartments

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Rent is Based On Your Income^†
One Bedroom (1/1)	-	Rent is Based On Your Income^†

Income Qualification for Franconia Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
30% AMI for PBRA Units	$26,100 / year	$29,800 / year	$33,550 / year	$37,250 / year	$40,250 / year	$43,250 / year	$46,200 / year	$50,560 / year
50% AMI for LIHTC Units	$43,450 / year	$49,650 / year	$55,850 / year	$62,050 / year	$67,050 / year	$72,000 / year	$76,950 / year	$81,950 / year
50% AMI for PBRA Units	$43,450 / year	$49,650 / year	$55,850 / year	$62,050 / year	$67,050 / year	$72,000 / year	$76,950 / year	$81,950 / year
80% AMI for PBRA Units	$66,300 / year	$75,750 / year	$85,200 / year	$94,650 / year	$102,250 / year	$109,800 / year	$117,400 / year	$124,950 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Franconia Apartments

Does Franconia Apartments have a waiting list?

Franconia Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Franconia Apartments?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Franconia Apartments?

Franconia Apartments is managed by Mercy Housing headquartered in Denver, Colorado.

In addition to Franconia Apartments, how many other affordable housing properties (and units) are there in Denver?

In addition to Franconia Apartments, we list 678 other affordable properties in Denver. Learn about these properties here. Our data research shows that there are a total of 22552 affordable units in Denver.